Century Park Capital Partners’ ICM Products acquires Amber Chemical Company

Century Park Capital Partners‘ portfolio company ICM Products has acquired Amber Chemical Company. Headquartered in Bridgwater, United Kingdom, Amber Chemical is a global solutions provider for high performance silicone emulsion and elastomer applications.

PRESS RELEASE

Century Park Capital Partners is pleased to announce that its portfolio company ICM Products, Inc., a leader in the silicone chemicals market with expertise in developing specialized silicone polymers, defoamers and emulsions, has acquired Amber Chemical Company Ltd. Headquartered in Bridgwater, United Kingdom, Amber Chemical is a leading global solutions provider for high performance silicone emulsion and elastomer applications. The company has production facilities in Richmond, Virginia; Lawrenceville, Georgia; Bridgwater, United Kingdom; Milan, Italy; and Tianjin, China. The new venture greatly expands ICM’s geographic and end market reach and bolsters its already strong presence in specialty emulsions.

David Smith, CEO of ICM Products, said, “The combination of ICM and Amber Chemical with its five operating subsidiaries will greatly expand the breadth of new products and services that ICM offers to the marketplace. We could not be more excited about the potential for this partnership.” Tom Gawlik, CFO of ICM Products, added, “With this transaction, ICM will have a stronger international footprint and will be able to add significantly more value to its customers.”
Don Stanutz, Chairman of ICM Products, said, “We’re excited to combine these two world class companies as we strive to become a global market leader in specialty silicones. We look forward to continue building upon the strong technical capability of Amber Chemical with a relentless focus on unbeatable customer service and quality.”
Guy Zaczepinski, Partner with Century Park Capital Partners, commented, “Broadening ICM’s customer and product base into attractive new markets has been a key focus of our growth strategy since we made our original investment. Combining ICM with Amber Chemical could not provide a better fit—and we will continue to search for further strategic acquisitions across the specialty silicone space, in both elastomers and emulsions.”

Marty Sarafa, Managing Partner with Century Park Capital Partners, concluded, “The combination of ICM and Amber Chemical more than doubles the size of our platform. We truly are positioned as a global leader in the specialty silicone space, with a bright future ahead of us.”

Madison Capital Funding LLC, PNC Erieview Capital and Montpelier Fund LP provided the financing for the transaction. Terms of the transaction were not disclosed.

Winston & Strawn LLP advised Century Park Capital Partners and ICM Products in the transaction.

About ICM Products, Inc.:
ICM Products, Inc. (“ICM” or the “Company”), headquartered in Cassopolis, Michigan, is a leader in the silicone chemicals market with expertise in developing specialized silicone polymers, defoamers and emulsions. The Company has an extensive portfolio of proprietary silicone blends that are used in a broad range of applications and end markets, including personal care, food processing, mold release, cleaning, coatings and automotive care. ICM’s complex reaction and formulation processes ensure critical product performance features that are essential to customers and extremely difficult for competitors to replicate.

About Amber Chemical Company Ltd.:
Headquartered in Bridgwater, United Kingdom, Amber Chemical Company Ltd. is a specialty silicones chemical group, developing diverse emulsion and elastomer products for niche markets. Amber Chemical Company provides flexible and adaptable manufacturing capabilities and in-depth technical expertise to satisfy local needs. The Amber Group is focused on the electronics, photovoltaic, solar, automotive, molding, personal care and chemical processing industries.

About Century Park Capital Partners:
Century Park Capital Partners is a Los Angeles-based private equity firm that partners with management to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing $10 million to $40 million equity investments for minority and majority recapitalizations, growth financings, management-led buyouts and acquisition financings. Century Park seeksfhea to support management in accelerating the growth curve of well-positioned companies by investing in infrastructure, internal growth initiatives, and strategic acquisitions.

Leave a Reply

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget